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00:02Chinese regulators have given in-principle approval for Alibaba,
00:06Tencent, and ByteDance to prepare orders for NVIDIA's H200AI chips, according to Bloomberg.
00:12The companies are cleared to discuss order sizes, with approval expected to require
00:16purchases of domestic chips, signaling Beijing is close to approving imports critical to
00:21artificial intelligence development. The move would be a major win for NVIDIA as it seeks
00:26to resume business in the world's largest semiconductor market. CEO Jensen Huang has
00:31said AI chips could generate $50 billion in the coming years, while rivals Huawei and
00:36Canbercon have expanded in its absence. NVIDIA shares rose as much as 2.3% in pre-market
00:42trading on Friday, while Taiwan's semiconductor manufacturing ADRs gained 1.3%.
00:48For all things money, visit Benzinga.com.
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